My entry --- Streamity: Is it worth it?

kwadjobonsu (66)in #contest • 6 years ago (edited)

Peer-to-Peer Crypto exchanges are decentralised platforms that do not hold the digital money of its users, rather these platforms serve as intermediates to get users in contact with various buyers or sellers, and also provide some fundamental tools to make trades more secure. Decentralized cryptocurrency exchanges are ,at the moment, regarded to be in an infancy stage as it is recent and under serious development. Crypto exchanges have lesser volumes when compared centralized exchanges. However, most might have lower fees than the centralized exchanges. These P2P exchange platforms on decentralized servers come with no law restrictions, more privacy, and place the coin responsibility in the hands of the users. There are several exchanges out there. However, most P2P exchanges are unappealing to a significant crypto users because they come with hidden charges and high commission rates. Hence, cryptocurrency-traditional currency exchanges seem unprofitable to many users. Most of these platforms lack the instant technical support most exchange users expected as compared to centralised exchanges. General security as well as fiat money security are also alarming issues with recent P2P Crypto exchanges. So what's the way forward? I introduce to you STREAMITY

source: Streamity website

Streamity's StreamDesk is one of the best and safest decentralized platforms as well as the first platform ever for crуptоcurrеncy exchanges to any currency. The Streamdesk enables its users to perform trades without intermediaries, and also reassures fair deals and high security due to its architecture of smart-contracts and the top-notch API of payment systems. Streamity tackles most problems that several P2P exchanges have failed to address and promises to switch up the game for the good. Streamity enables users to make profitable exchanges as it comes with fixed rates, low commission, and no hidden charges. It provides 24/7 technical support for its users, and has a user friendly interface which make it easy to use. Again, exchanges on Streamity are made at fixed rates - so users can buy or sell at fixed rates always without having to worry about the rates plummeting or increasing. Information about the rates is automatically collected from the main exchange markets in the "Market" section on the platform.The general security with regard to Streamity is extremely high.

The Image attached displays the superiority of Streamdesk to other big P2P exchanges out there.

source: Streamity website

Streamdesk offers much lower fees and supports the exchanges of multiple varieties of cryptocurrencies. With the integration of smart contract, high security for its users is highly guaranteed. Smart contracts aid users to perform exchanges of money or assets in a more transparent and conflict-free way while shunning the services of a middleman. Smart contracts fundamentally enable the performance of transactions without third parties and provide superior security to traditional contract law while reducing other costs of transactions associated with contracting.

I believe the ability to use Fiat Money on such platform will lessen the barrier of entry because there are still a lots of people who prefer the centralised systems and also probably do not have any cryptocurrency wallet. So permitting the usage of Fiat Currency on such platform will seem appealing to many people, and this features- together with the others such as low commission, low fees,high security,etc- will inevitably attract them to the platform to perform transactions. I also believe this might influence them to try out and perform cryptocurrency exchanges. Mobile apps of StreamDesk are available. For any further questions or curiosity, visit their website at https://Streamity.info